The pros and cons of a centralised investment process

Centralised investment propositions (CIPs) are at the heart of the FSA's recent guidance consultation. For many years the regulator has sought to ensure professionals authorised to advise members of the public, conduct their activities in ways that consistently uphold the best interests of their clients. The demands that regulatory change has made on advisers' businesses have been considerable - and there is no denying the RDR is creating a new set of challenges. The FSA is clearly aware that this necessitates a fundamental change in many firms' business models; also that a growing...